This study examines the relationship between Corporate Social Responsibility (CSR) and the financial performance of quoted consumer goods companies in Nigeria. The specific objective where to determine whether the environmental, social, and economic cost has any effect on the return on assets (ROA) of consumer goods companies in Nigeria. Ex-post factor research design was used and the study used secondary data from annual reports of sample companies from the Nigeria exchange group (NXG) for relevant years under consideration (2004-2023). The panel least square regression technique was employed to examine the relationship between the variables. The study found that environmental cost has a positive significant relationship with the return on assets of listed consumer goods in companies in Nigeria. Social cost has a positive significant relationship with the return of assets quoted by consumer goods companies. Economic costs have a positive significant relationship with the return of assets of consumer goods companies in Nigeria. Based on the findings of the study, the study concludes that there is a significant relationship between Corporate Social Responsibility (CSR) and the financial performance of quoted consumer goods companies in Nigeria. The study recommends that management should maintain the present level of environmental, social, and economic costs spending or increase it as much as the result shows a significant increase in profitability of quoted consumer goods companies in Nigeria.
Keywords: Corporate, social, financial performance